Stocks in general are off to a great start today with the major stock indexes rallying nearly 2% before midday. Some analysts believe that today’s rally is in anticipation or hope of some kind of stimulus or QE3. There are still many different economic situations right now that have investors on edge, but they seem to be ignoring at least for today.
Penny stocks continue to see the volatility all penny stock traders love. Current pump GWBU has been trading mostly flat since being officially announced more than a week ago. The big runners so far today are RARS and BMSN, both seeing gains of more than 30%.
Rarus Technologies Inc. (OTC:RARS) is up 28.23% right now at $0.1122 and saw an intraday high of $0.1440 earlier today. RARS has traded nearly 6 million shares so far today. RARS has been running since Monday when it announed its Zngle.com mobile App was approved by Apple.
Bio-Matrix Scientific Group, Inc. (OTC:BMSN) is up 88.46% this morning at $0.0049. BMSN stock shot up quickly today after announcing it has established a scientific advisory board and research relationship with Clinartis in anticipation of beginning clinical development stem cell studies. BMSN has traded 42 million shares so far today, surpassing its average volume of 64 thousand shares.